New $6M funding effort for digital health firms in Philadelphia

Posted on December 8, 2016

This article was originally published by the Philly.com.

Ben Franklin Technology Partners of Southeastern Pennsylvania, Independence Health Group, and Safeguard Scientifics announced plans Thursday to spend a total of $6 million over the next for years funding early-stage digital health-care startups.

Each of the partners has pledged $2 million. Ben Franklin will manage the effort, which is open to companies in Southeastern Pennsylvania. Investments will range from $50,000 up to $1 million per company.

Separately, the partners are involved in the Health Innovation Collaborative, started in 2015 by the Greater Philadelphia Chamber of Commerce’s CEO Council for Growth.